{"id":300143,"date":"2026-01-23T21:23:06","date_gmt":"2026-01-23T21:23:06","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/300143\/"},"modified":"2026-01-23T21:23:06","modified_gmt":"2026-01-23T21:23:06","slug":"largest-european-pension-fund-abp-cut-back-us-treasury-holdings-last-year","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/300143\/","title":{"rendered":"Largest European pension fund ABP cut back US Treasury holdings last year"},"content":{"rendered":"

LONDON, Jan 23 (Reuters) – The value of the U.S. Treasuries held by Dutch pension fund ABP, Europe’s \u200blargest, dropped steeply from the end of 2024 to September \u200clast year, another sign that major European investors have grown more cautious<\/a> around holding U.S. assets.<\/p>\n

The market value of ABP’s U.S. Treasury holdings dropped to nearly 19 billion euros ($22 billion) last September from 29 billion euros in December \u200c2024, according to statements outlining its investments.<\/p>\n

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That covers the \u200bsecond quarter of 2025, when U.S. President Donald Trump’s sweeping “Liberation Day” tariffs hit U.S. assets.<\/p>\n

Dutch public broadcaster NOS earlier reported the drop, citing analysts \u200dwho said a fall in the prices of the bonds was unlikely to have played a major role and concluded ABP’s decision to sell Treasuries or not \u2060buy new ones was the big driver.<\/p>\n

While ABP’s statements show the \u200dvalue of its bond holdings rather than outright amounts it holds, U.S. Treasury prices \u200cwere \u200csteady or rose over that period. , , .<\/p>\n

This makes it more likely the move was driven by a reduction in holdings rather than a decline in asset value.<\/p>\n

A spokesperson for ABP did not comment on whether the move \u2060was driven by \u2060selling, adding the \u200bnumbers in the NOS story were not incorrect.<\/p>\n

“Several considerations play a role in our investments in government bonds. Naturally, we look at a country’s fundamental situation \u200dand prospects,” she added.<\/p>\n

Trump’s threat last weekend to raise tariffs on several European countries unless his country is allowed to buy Greenland, renewed concern around the safety of U.S. \u200bassets<\/a>. He later stepped back from those \u200dcomments.Several Nordic pension funds told Reuters this week they are increasingly wary<\/a> of holding U.S. assets.<\/p>\n

($1 = \u200b0.8522 euros)<\/p>\n

Reporting by Yoruk Bahceli; editing by Dhara Ranasinghe and Andrew Heavens<\/p>\n

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Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"LONDON, Jan 23 (Reuters) – The value of the U.S. Treasuries held by Dutch pension fund ABP, Europe’s…\n","protected":false},"author":2,"featured_media":300144,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[82519,82758,82521,79,82759,84897,82559,82782,82528,83113,83116,18,55396,82520,82522,32356,82503,2004,45748,88436,19,82766,82767,17,721,83122,82524,82507,82526,88149,234,235,82769,82508,1540,82558,84824,83126,82534,82533,82707,107,83127,82518],"class_list":{"0":"post-300143","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-amers","9":"tag-bisv","10":"tag-blux","11":"tag-business","12":"tag-cinv","13":"tag-dbt","14":"tag-destlita","15":"tag-destobnk","16":"tag-destoukbsm","17":"tag-dli","18":"tag-eco","19":"tag-eire","20":"tag-emea","21":"tag-europ","22":"tag-ezc","23":"tag-fin","24":"tag-fins","25":"tag-fund","26":"tag-gen","27":"tag-gvd","28":"tag-ie","29":"tag-invbis","30":"tag-invm","31":"tag-ireland","32":"tag-legal","33":"tag-mce","34":"tag-namer","35":"tag-news1","36":"tag-nl","37":"tag-nrlpaobnk","38":"tag-personal-finance","39":"tag-personalfinance","40":"tag-pfund","41":"tag-pol","42":"tag-potus","43":"tag-reuters-legal","44":"tag-rtm","45":"tag-soci","46":"tag-topcmb","47":"tag-topnws","48":"tag-trd","49":"tag-us","50":"tag-wash","51":"tag-weu"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115946520758190872","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/300143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=300143"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/300143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/300144"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=300143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=300143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=300143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}